Institute for Financial Wellbeing 

About the Institute for Financial Wellbeing  

The Institute for Financial Wellbeing (IFW) is a not-for-profit membership organisation that aims to positively influence the way the financial services industry works with clients, shifting the focus from money being the goal to money being a tool with which to open up options that can improve wellbeing. 

• The IFW’s Mission is to educate, empower and support people of all ages in every community to feel safe and confident around money by creating a space for conversation, collaboration and positive change. 

• The IFW’s Vision is to have been instrumental in ensuring every adult and child has access to a financial wellbeing pathway by 2030. 

We believe financial education is a crucial component of financial wellbeing. 

The overarching purpose of the IFW is to provide a space for conversation and discovery, with regards to how the implementation financial wellbeing will boost the value of the financial services sector. IFW members include financial advisers and planners, coaches, expert academics, researchers and people with lived experience in financial and emotional trauma. 

IFW members benefit from the support and stimulation of being part of a vibrant, growing community, and enjoy access to collated, trusted resources, as well as bespoke resources, regarding the growing understanding of financial wellbeing.  

The IFW’s first Associate Member 

The IFW recently welcomed its first Associate Member. In the interest of supporting and achieving our mission and vision, we collaborate with organisations actively working towards positive changes in the UK’s financial services industry and across financial education generally. 

Associate Membership of the Institute is a no-cost affiliation, which is open to non-profit and charitable organisations with an interest in the topic of money and wellbeing, who offer education and support services to those in need.  

The first IFW Associate Member is financial education charity RedSTART Educate, which aims to transform the life chances of primary-aged children across the UK through financial education and an understanding of the world of work. 

RedSTART’s appointment as our first Associate Member supports the IFW mission of empowering people of all ages to feel safe and confident around money by creating a space for conversation, collaboration and positive change, and is an exciting step towards boosting awareness of the tools crucial to understanding and attaining financial wellbeing. 

Sarah Marks, CEO of RedSTART, says: “Through our Change the Game programme, our aim is to develop a solid case and the evidence needed for the UK government on how teaching primary school children about money can be delivered in a sustainable and meaningful way that offers more than just a practical and educational benefit. We’re excited to be collaborating with the IFW in helping get this message across and further promoting conversations around the importance of financial education and financial wellbeing.”